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MS HB311
Bill
Status
Failed
3/16/2021
Primary Sponsor
Donnie Scoggin
Click for details
AI Summary
- Exempts from sales tax motor vehicle transfers from a partnership or limited liability company to one of its partners or owners
- Exempts from sales tax motor vehicle transfers from a shareholder of a corporation to that corporation
- Requires both types of exempt transfers to be documented with an affidavit prepared by the Department of Revenue and signed by the transferor
- Amends Section 27-65-201, Mississippi Code of 1972, which governs sales tax on motor vehicles purchased from non-dealers at a 5% rate
- Effective date of July 1, 2021
Legislative Description
Sales tax; exempt certain transfers of motor vehicles involving partnerships, limited liability companies and corporations.
Last Action
Died In Committee
3/16/2021
Committee Referrals
Finance3/9/2021
Ways and Means1/18/2021
Full Bill Text
No bill text available